💰 RBI says India’s forex reserves just touched $694B! That’s a lot of dollar power in the bank
India’s money backup fund just got bigger! RBI said forex reserves went up by $3.5B last week. Think of it like a safety piggy bank for the whole country. Here’s the breakup:
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Forex assets rose by $1.68B to $583.9B now.
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Gold reserves grew from $1.76B to $86.7B.
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The IMF balance moved up by $18M to $4.7B.
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SDRs added $40M to $18.8B.
👉 Why this matters: Bigger Forex reserves = stronger protection if global money markets get shaky.
[Read More: India Today]
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